India’s life insurance market is expected to grow at a compound annual growth rate (CAGR) of 10.3% through 2026, driven by growing awareness and positive… Read More »India’s Life Insurance Market to 10.3% CAGR & $150.6bn Premiums by 2026
The insurance sector invests one in every three euros in public debt, according to a new report by MAPFRE Economics. The report, ‘Global savings after… Read More »Re/Insurance sector invests one in every 3 euros in public debt
AXA Germany has reached an agreement to sell a portfolio of life and pensions insurance reserves worth €16 billion. AXA will sell the portfolio to Athora Germany for a consideration of EUR660 million.
Aercap, the largest global aircraft leasing firm, has sued AIG and other insurers including Lloyd’s business Atrium over planes stranded following the outbreak of conflict… Read More »Aercap sued $3.5bn lawsuit against AIG and Atrium Lloyd’s over planes stranded in Russia
The bad weather that has affected France since the end of May has generated nearly a million claims for which insurers will pay compensation estimated… Read More »Insurers will pay compensation estimated at €4 bn for French storms losses
Mexico’s general insurance industry is expected to grow at a CAGR of 7.5%, from $18.2 billion in 2021 to $26.1 billion in 2026
Only 3% of losses caused by drought, floods and tropical cyclones have been insured on the African continent
Covéa has completed the acquisition of global reinsurer PartnerRe from EXOR and holding company, for a total cash consideration of $9.3 billion
1H losses would be around 40% of the 10-year average of $11.1 billion for US seasonal catastrophes in that quarter.
Fitch have stated that the first public comments from Dutch insurer – ASR, on the implications of IFRS 17 support Fitch Ratings’ view
SMEs risk being priced out of cyber insurance as rising costs force them to prioritise other areas of their business, according to market research company GlobalData.
Insurance Europe has responded to a consultation conducted by the European Data Protection Board (EDPB) on its draft guidelines on the calculation of administrative fines under the… Read More »Insurers call on EDPB to align draft guidelines on GDPR fines with IFRS
The next phase of the London Insurance Market’s electronic placement platform NextGen 2.0 has been further delayed, this time to February of next year
The two main trends that are making insurers shift to prevention are the growing complexity of risks society faces, and the ever-increasing availability of data
The privately owned bank also predicts a shallow recession in 2023 across Europe, the UK and the US, according to a newly issued sector note by Berenberg
Through analysis, underwriting, investment and advice, insurance sector of Africa is helping to understand the complexities of climate change
Significant protection gaps exist in societies and economies around the world and coordinated action is required from policymakers, insurers and the public to address them. … Read More »Insurers and Policymakers must work together to tackle protection gaps
Branch, a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 billion
